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WASHINGTON – U.S. employers extended a streak of solid hiring in May, adding 223,000 jobs and helping lower the unemployment rate to an 18-year low of 3.8 percent from 3.9 percent in April. Average hourly pay rose 2.7 percent from a year earlier, a slightly faster annual rate than in April, the Labor Department reported Friday. But pay growth remains below levels that are typical when the unemployment rate is this low. Still, the report shows that the nearly 9-year old economic expansion — the second-longest on record — remains on track. Employers appear to be shrugging off recent concerns about global trade disputes.
originally posted by: japhrimu
a reply to: Krakatoa
Good news!
Now, can we start focusing on a better stat category?... something like the percentage of the working age population in/out of the workforce...
(Maybe I’m wrong, but if someone is not looking for work, they don’t fall into “unemployed,” right?)
Just trying to have the best information...
Companies are also hiring the long-term unemployed — those who have been out of work for six months or longer. Their ranks have fallen by nearly one-third in the past year. That's important because economists worry that people who are out of work for long periods can see their skills erode. Yet employers now seem more willing to hire them.
So, we have a massive increase in hiring, a dropping unemployment rate, and hourly pay raises since the new administration came onboard.
Fox News Research Verified account @FoxNewsResearch
Average Monthly #Job Gains
-by year
• 2017: 171,000
• 2016: 187,000
• 2015: 226,000
• 2014: 250,000
• 2013: 192,000
• 2012: 179,000
• 2011: 174,000
• 2010: 88,000
#JobsReport
8:54 AM - 5 Jan 2018
I am seriously asking. Can those haters of our president even acknowledge that these figures from the U.S. Labor Dept are positive aspects of our current economy?
originally posted by: theantediluvian
a reply to: Krakatoa
So, we have a massive increase in hiring, a dropping unemployment rate, and hourly pay raises since the new administration came onboard.
Fox News Research Verified account url=https://twitter.com/FoxNewsResearch/status/949277919779663873]@FoxNewsResearch[/url]
Average Monthly #Job Gains
-by year
• 2017: 171,000
• 2016: 187,000
• 2015: 226,000
• 2014: 250,000
• 2013: 192,000
• 2012: 179,000
• 2011: 174,000
• 2010: 88,000
#JobsReport
8:54 AM - 5 Jan 2018
I am seriously asking. Can those haters of our president even acknowledge that these figures from the U.S. Labor Dept are positive aspects of our current economy?
I dunno, seemed to work out fine for all the years that Trump's base was caterwauling about how Obama was destroying the economy.
For example, the number of part-time workers who would prefer full-time jobs declined slightly and is down 6 percent from a year ago. That may mean that businesses are converting some part-timers to full-time work.
originally posted by: Allaroundyou
a reply to: Krakatoa
Maybe next time use a better source.
But yes some of those numbers are correct. There are a few that are snotty to say the least.
Not that I care all the much. I make more money now even though my property tax went up slightly. But the money gained well made up for it.
Ummm here are a couple other links for you and others to check out.
BLS gov
factcheck
originally posted by: Allaroundyou
a reply to: Krakatoa
Dude I wasn’t trying to put a negative spin on it. Sorry if it seemed that way.
I was just trying to help out. The unemployment differs with each age group and ethnicity and specific job types. I just thought a couple other links might keep the wolves at bay.
Donald J. Trump Verified account @realDonaldTrump
Today's job report is not a good sign & we could be facing another recession. No real job growth. We need over 300K new jobs a month.
3:49 PM - 7 Dec 2012
originally posted by: theantediluvian
I dunno, seemed to work out fine for all the years that Trump's base was caterwauling about how Obama was destroying the economy.
originally posted by: theantediluvian
a reply to: Krakatoa
Also there's always a Tweet:
Donald J. Trump Verified account @realDonaldTrump
Today's job report is not a good sign & we could be facing another recession. No real job growth. We need over 300K new jobs a month.
3:49 PM - 7 Dec 2012
Keep in mind that this "not a good sign" report from Dec 2012 saw 7,000 more jobs than Dec 2017.
And of course, anything less than 300k a month is subpar by Trump standards. Total loser! Sad!